Western Midstream Partners, Lp WES
Revenue Intelligence Report • 56 quarters of SEC filing data • Updated 2026-03-15
Western Midstream Partners, Lp has a forecasted full-year revenue of $3.8B, a -2.0% year-over-year change, based on 56 quarters of SEC filing data. Key revenue drivers include SG&A (elasticity 0.22x). The ARDL model has 7.4% MAPE.
Investment Thesis
The econometric model achieves strong accuracy (7.4% MAPE), suggesting Western Midstream Partners, Lp's revenue trajectory is well-characterized by its spending patterns. Sales & marketing spend shows a 0.22x elasticity, suggesting effective go-to-market execution.
Next FY Revenue
$3.77B
-2.0% YoY
SG&A Elasticity
0.22x
Model Accuracy
7.4% MAPE
Holdout validation: The model predicted $1.0B vs the actual $1.0B — an error of 7.1%.
Note:
Western Midstream Partners, Lp does not report R&D expenses separately. This analysis uses SG&A spending only.
Revenue Forecast
Quarterly Detail
| Quarter | Model Forecast | Actual | 95% Range | YoY Growth | Status |
|---|---|---|---|---|---|
| Q4 2025 | $1.0B | $1.0B | $0.8B – $1.2B | +3.1% | ✓ In range |
| Q2 2026 | $0.9B | $0.7B – $1.2B | +2.5% | ||
| Q3 2026 | $0.9B | $0.7B – $1.3B | +0.1% | ||
| Q4 2026 | $0.9B | $0.6B – $1.4B | -1.3% | ||
| Q1 2027 | $0.9B | $0.6B – $1.4B | -8.5% |
How Spending Drives Revenue
Reading this chart:
Each line shows the cumulative elasticity — how a 1% increase in spending translates to revenue growth over subsequent quarters. The effect builds over 4-5 quarters as investments compound.
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